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INFORMATION ABOUT THE ONGOING NOVEL CORONAVIRUS OUTBREAK

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COMMISSIONER GONZALES ANNOUNCES WEEKLY FORMULA RATE MARCH 31, 2020

Tuesday, March 31, 2020 | 08:47am

NASHVILLE--Tennessee Department of Financial Institutions Commissioner Greg Gonzales announced today that the maximum effective formula rate of interest in Tennessee is 7.25 percent per annum. The rate is based on a ceiling of 4 percent over the weekly average prime loan rate of 3.25 percent as published by the Federal Reserve on March 30, 2020.

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TENNESSEE DEPARTMENT OF FINANCIAL INSTITUTIONS Tornado and Severe Weather Event March 2020

Wednesday, March 04, 2020 | 10:11am

The Department of Financial Institution is in contact with financial institutions located in the communities affected by the tragic tornados of March 3, 2020. TDFI is aware that affected financial institutions are operating through their main offices or other branch locations not affected by the tornados and is facilitating communications between these financial institutions and government agencies.

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